AFAIK there is no cash. From the 28 June announcement by CCE:
As consideration for EMC, Carnegie will receive 58,507,377 fully paid ordinary shares in Tag which will be distributed in-specie by Carnegie to its shareholders. This corresponds to approximately 32% of the fully paid ordinary shares on issue in Tag post completion of the transaction but pre-capital raise by Tag (see transaction summary below).
Magic beans!
CCE Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
